https://www.taxtmi.com/caselaws?id=125620 Unaccounted raw materials found in a factory were treated as not liable to confiscation where no Cenvat credit had been availed, consistent with earlier Central Excise decisions. The Tribunal also found no corroborative evidence of clandestine removal of finished goods, so the confiscation of those goods could not be sustained on the record. It accepted the Commissioner (Appeals)' distinction between raw materials and finished goods, and the reduced penalty for failure to maintain proper accountal was left undisturbed. On those facts, the confiscation and enhanced penalty were held unjustified, and the Revenue's challenge failed. en-us Thu, 17 Jul 2008 00:00:00 +0530 Fri, 01 Sep 2017 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125620 Unaccounted raw materials found in a factory were treated as not liable to confiscation where no Cenvat credit had been availed, consistent with earlier Central Excise decisions. The Tribunal also found no corroborative evidence of clandestine removal of finished goods, so the confiscation of those goods could not be sustained on the record. It accepted the Commissioner (Appeals)' distinction between raw materials and finished goods, and the reduced penalty for failure to maintain proper accountal was left undisturbed. On those facts, the confiscation and enhanced penalty were held unjustified, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 17 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125620